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Democrats Sweep Midterms, Stock Market Rises

Published : Nov 5, 2026 7:39 AM

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Here is the global market roundup.

Let us start with the New York stock market.

The three major U.S. stock indices rose across the board.

Nasdaq and the S&P 500 both gained more than 1%, while the Dow Jones Industrial Average surged 3%.

By sector, consumer discretionary, materials, and financial stocks jumped more than 3%, driven by a sharp drop in oil prices and expectations of a recovery in consumption.

Today, New York stocks showed a strong upward trend as political uncertainty was resolved with the Democratic Party sweeping both the Senate and the House of Representatives in the U.S. midterm elections, alongside a sharp decline in international oil prices.

With expectations that the Democrats' control of Congress could constrain the U.S. government's policy implementation regarding the war in Iran, Brent crude plummeted more than 8%, dropping to the 94 dollar per barrel range.

The fall in oil prices eased inflation concerns, while Treasury yields and the dollar also declined, reviving risk-on sentiment.

However, as October ADP private employment increased by 86,000, beating market expectations, caution regarding the Federal Reserve's potential additional rate hikes persisted.

Next, let us look at the U.S. futures market that closed a short while ago.

While expectations for policy changes following the midterms and eased pressure on prices from the sharp drop in oil prices supported investor sentiment, the possibility of AI-related regulations acted as a burden on tech stocks.

Amidst this, U.S. stock index futures closed higher across the board.

Dow futures rose significantly by 1,698 points to close in the 53,500 range.

Nasdaq 100 futures gained more than 340 points to finish trading in the 28,600 range.

S&P 500 futures also advanced more than 100 points, recording the 7,700 range.

Russell 2000 futures inched up, moving in the 2,800 range.

Small-cap stocks appeared to monitor expectations of eased cost burdens from lower oil prices and future interest rate outlooks.

In the U.S. Treasury market, long-term yields fell as expectations grew that the sharp drop in oil prices would ease inflationary pressure.

Meanwhile, 10-year U.S. Treasury futures recorded 4.891%.

In the commodity futures market, crude oil futures traded in the 88 dollar per barrel range.

Downward pressure was exerted on oil prices as expectations of eased tensions in the Iran war reduced concerns over crude supply instability.

Lastly, here is the performance of major stocks in the U.S. stock futures.

Regulatory concerns over the expansion of AI infrastructure investment are acting as a burden.

Nvidia futures finished weaker, down nearly 3%.

This concludes our look at the CME futures market.